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Metrics | Range | Conclusion |
---|---|---|
Selected LTM EBIT Multiple | 296.2x - 327.4x | 311.8x |
Selected Fwd EBIT Multiple | 316.0x - 349.3x | 332.7x |
Fair Value | $8.93 - $9.87 | $9.40 |
Upside | -29.9% - -22.5% | -26.2% |
Benchmarks | Ticker | Full Ticker |
Landbay Inc | LNBY | OTCPK:LNBY |
Wenyuan Group Corp. | WYGC | OTCPK:WYGC |
Autozi Internet Technology (Global) Ltd. | AZI | NasdaqGM:AZI |
Jiuzi Holdings, Inc. | JZXN | NasdaqCM:JZXN |
Kaixin Holdings | KXIN | NasdaqCM:KXIN |
Park Ha Biological Technology Co., Ltd. | PHH | NasdaqCM:PHH |
- | - | - |
Select LTM EBIT Multiple | |||||||
Benchmark Companies | |||||||
LNBY | WYGC | AZI | JZXN | KXIN | PHH | ||
OTCPK:LNBY | OTCPK:WYGC | NasdaqGM:AZI | NasdaqCM:JZXN | NasdaqCM:KXIN | NasdaqCM:PHH | ||
Historical EBIT Growth | |||||||
5Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | |
3Y CAGR | NM- | NM- | NM- | NM- | NM- | NM- | |
Latest Twelve Months | -79.6% | 35.3% | 25.6% | -1147.1% | 56.7% | -32.8% | |
Historical EBIT Profit Margin | |||||||
5 Year Average Margin | -943.6% | -2488.5% | -5.4% | -453.8% | -104.3% | 20.2% | |
Prior Fiscal Year | -207.3% | -1813.5% | -6.5% | NA | -140.3% | 48.0% | |
Latest Fiscal Year | -431.1% | -4809.8% | -4.4% | -3975.8% | NA | 33.3% | |
Latest Twelve Months | -41.7% | -1415.4% | -4.4% | -3975.8% | NA | 33.3% | |
Current Trading Multiples | |||||||
EV / LTM Revenue | 80.58x | 117.29x | 0.89x | 30.07x | NA | 143.64x | |
EV / LTM EBITDA | NA | -8.4x | -20.7x | -0.8x | 0.0x | 419.1x | |
EV / LTM EBIT | -193.5x | -8.3x | -20.4x | -0.8x | 0.0x | 431.0x | |
Low | Mid | High | |||||
Benchmark EV / LTM EBIT | -193.5x | -8.3x | 0.0x | ||||
Historical EV / LTM EBIT | 431.0x | 431.0x | 431.0x | ||||
Selected EV / LTM EBIT | 296.2x | 311.8x | 327.4x | ||||
(x) LTM EBIT | 1 | 1 | 1 | ||||
(=) Implied Enterprise Value | 235 | 247 | 260 | ||||
(-) Non-shareholder Claims * | 0 | 0 | 0 | ||||
(=) Equity Value | 236 | 248 | 260 | ||||
(/) Shares Outstanding | 26.4 | 26.4 | 26.4 | ||||
Implied Value Range | 8.93 | 9.40 | 9.87 | ||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | |||
Implied Value Range (Trading Cur) | 8.93 | 9.40 | 9.87 | 12.74 | |||
Upside / (Downside) | -29.9% | -26.2% | -22.5% |
Equity Waterfall | |||||||
Benchmark Companies | |||||||
(in millions) | LNBY | WYGC | AZI | JZXN | KXIN | PHH | |
Enterprise Value | 14 | 8 | 110 | 42 | 1 | 336 | |
(+) Cash & Short Term Investments | 0 | 0 | 8 | 1 | 2 | 1 | |
(+) Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | |
(-) Debt | (0) | (0) | (14) | (0) | (1) | (0) | |
(-) Other Liabilities | 0 | 0 | 1 | 0 | (0) | 0 | |
(-) Preferred Stock | 0 | 0 | 0 | 0 | (0) | 0 | |
(-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
Value of Common Equity | 14 | 8 | 105 | 43 | 2 | 336 | |
(/) Shares Outstanding | 30.0 | 80.9 | 106.0 | 11.0 | 3.0 | 26.4 | |
Implied Stock Price | 0.48 | 0.10 | 1.00 | 3.89 | 0.83 | 12.74 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 0.48 | 0.10 | 1.00 | 3.89 | 0.83 | 12.74 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |